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Dec 26, 2014
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australia, hong kong, london, paris, milan, germany and toronto are all closed, but we are open here at the u.s. markets. the bond market and foreign exchange market and we've got it covered for you. >> nasdaq volume on christmas eve, the lightest since black friday of 2010. >> wow. years low. i knew it was one of the lowest of the year. >> as we get more on the markets this morning and the year 2014, let's bring in chief market strategist of oppenheimer company. happy holidays to you. >> happy holiday. >> peter, let me begin with you. so many things have been working. sara mentions the seasonals. the macrodata has been good. a bit of a chase here on momentum names. would you be ringing the register? if so, would that happen before the new year? >> i think what is going to happen there is a lot of speculation how great consumer sales have been, retail sales. we won't really know the results until say mid january or early february when same-store sales come in. i think that is going to surprise a lot of people. we've been pessimistic about retail sales, but all the data we had so far
australia, hong kong, london, paris, milan, germany and toronto are all closed, but we are open here at the u.s. markets. the bond market and foreign exchange market and we've got it covered for you. >> nasdaq volume on christmas eve, the lightest since black friday of 2010. >> wow. years low. i knew it was one of the lowest of the year. >> as we get more on the markets this morning and the year 2014, let's bring in chief market strategist of oppenheimer company. happy...
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Dec 24, 2014
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germany closed today. other european markets are having shortened sessions. take a look at futures right now and see how the market is setting itself up for this christmas eve market session. dow jones would open higher, about 43 points higher. nasdaq up 10 points and the s&p 500 up a little over 5 points. weekly jobless claims, we're going to get that at 8:30 eastern time. economists are looking for 290,000 first time filings for unemployment benefits. then we've got corporate news to tell you about. takata's president is stepping down amid the scandal over that massive air bag recall. the company's grandson will assume that role. everybody is wearing red. >> merry christmas. >> merry christmas, everybody. >>> among the biggest buzz stories this morning, south korea now indicting -- i thought we were talking about north korea. this is south korea. uber's ceo. the ride sharing services governing a law involving public transport. this is regarding a number of challenges the company is facing all around the world. uber has become a total touchstone in terms of
germany closed today. other european markets are having shortened sessions. take a look at futures right now and see how the market is setting itself up for this christmas eve market session. dow jones would open higher, about 43 points higher. nasdaq up 10 points and the s&p 500 up a little over 5 points. weekly jobless claims, we're going to get that at 8:30 eastern time. economists are looking for 290,000 first time filings for unemployment benefits. then we've got corporate news to tell...
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Dec 18, 2014
12/14
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the dax in germany, up 2%. the cac up by 2.5%. the ftse up by over 1%. greece is the lone decliner here, but they have their own issues. u.s. equities are coming off their best day of the year yesterday. the vix dropping 18% just on yesterday alone. that so-called fear gauge, it's the biggest drop of 2014 for us. among the catalysts and bulls charged with the fed decision to sound much more dovish than anyone expected. also, falling oil prices. in fact, things stabilized a bit yesterday. oil moved higher yesterday and that did help out some of the energy sector stocks in particular. let's listen in to janet yellen talking about the central bank's pledge to be patient on rates. >> the number of committee participants have indicated that in their view conditions could be appropriate by the middle of next year. but there is no preset time and there are a range of views as to when the appropriate conditions will likely fall in place. so that is something we will be watching closely as the year unfolds. >> she also argued that the recent decline in oil prices
the dax in germany, up 2%. the cac up by 2.5%. the ftse up by over 1%. greece is the lone decliner here, but they have their own issues. u.s. equities are coming off their best day of the year yesterday. the vix dropping 18% just on yesterday alone. that so-called fear gauge, it's the biggest drop of 2014 for us. among the catalysts and bulls charged with the fed decision to sound much more dovish than anyone expected. also, falling oil prices. in fact, things stabilized a bit yesterday. oil...
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Dec 17, 2014
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or from the west as a whole or perhaps on germany on assisting russia financially. that depends on how bad this gets. >> he only knows bullying is and power. >> all i'm going to say is it might be the west would like to see an opportunity there. >> for sure. >> i'm not sure we want a total collapse of the russian economy. >> i don't think we would. that would be first of all from a financial point of view very destabilizing. >>> much more with roger altman over the next hour. >>> still to come this morning, the latest fallout from the sony hacking scandal. why the new york premier of "the interview" has been canceled. >>> and then could russia's losses be a gain for some investors? we'll have one argument on why now is the time to buy. >>> and in the next hour, american consumers saving big bucks at the bump right now. but what are they doing with the extra cash? 6:40 eastern. the volkswagen golf was just named motor trend's 2015 car of the year. so was the 100% electric e-golf, and the 45 highway mpg tdi clean diesel. and last but not least, the high performance gt
or from the west as a whole or perhaps on germany on assisting russia financially. that depends on how bad this gets. >> he only knows bullying is and power. >> all i'm going to say is it might be the west would like to see an opportunity there. >> for sure. >> i'm not sure we want a total collapse of the russian economy. >> i don't think we would. that would be first of all from a financial point of view very destabilizing. >>> much more with roger altman...
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Dec 10, 2014
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europe, now, there's green arrows for germany, france, and london. greece, though, down another 3% this morning. that market just getting crushed. if you check out what happened in asia, though, there was a rebound in china after big declines from the beginning of the week. the shanghai up 3%, the nikkei closing down at 2 %. >> a check at the real leaders of the s&p 500. how much weight do you think the energy sectors hold over the index? dom is splitting that pie. >> some twitter remarks and feedback whether or not we had numbers right with regard how big tech and financials were. we wanted to set the record straight. we went back to s&p indexes, owning the dow jones industrial index, look at just how much we have in terms of the sector break down. we told you over the past couple days, this is the bulk of it. you see as we shade out just tech and financials, you talk about, oh, 36, 37% in terms of the total weighting of the sectors. by far, the biggest components of the overall index. talk about why we can still be 2% away from record highs in both
europe, now, there's green arrows for germany, france, and london. greece, though, down another 3% this morning. that market just getting crushed. if you check out what happened in asia, though, there was a rebound in china after big declines from the beginning of the week. the shanghai up 3%, the nikkei closing down at 2 %. >> a check at the real leaders of the s&p 500. how much weight do you think the energy sectors hold over the index? dom is splitting that pie. >> some...
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Dec 9, 2014
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there was a deal done in germany yesterday announced with a company trying to buy the control without taking everyone else out. that is not appropriated. >> and what do you think happens to cvs? >> i think les it makes sense t come back together. and both have been shrinking cab. >> did it make sense to separate two? >> yes. financial engineering like procter & gamble, it made sense to spin off duracell. you've got to have a free market system to spin it off and do extending over a period. you have to eliminate the general -- bring back the general public utilities doctorate to make it a lot easier than going through all the fancy footwork. >> you think that made sense for procter & gamble? >> well, that's a different issue. batteries are included in the portfolio. but it was look at the price paid after tax basis versus your cash flow. you're going to have two powerful businesses having it. but there are a lot of interesting opportunities in portable power. that doesn't just mean think about whatever you have on your ipad as a power source. think about portable power in a variety of
there was a deal done in germany yesterday announced with a company trying to buy the control without taking everyone else out. that is not appropriated. >> and what do you think happens to cvs? >> i think les it makes sense t come back together. and both have been shrinking cab. >> did it make sense to separate two? >> yes. financial engineering like procter & gamble, it made sense to spin off duracell. you've got to have a free market system to spin it off and do...
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Dec 2, 2014
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germany, slightly weaker. france slightly stronger. the ftse up about 1% in london. in asia overnight, gains across the board. the hang seng was up by 1.25%. the nikkei was up by just under 0.5%. oil prices, as we mentioned, are weaker this morning. they're down by about 1.5%. that's a decline of just over $1 to $67.97. wti falling back below $68 just in the last few minutes. take a look at what's been happening with the ten-year note. at this point, it will be sitting just under 2.25% at 2.227.%. joe, this is a question we still have on that. where is it headed next? >> where? >> i'm surprised to see it that low. >> the oil or the euro? >> well, i can say -- the yield on the ten-year -- >> and the ten-year. i was shocked yesterday when i got back and it was below 2.2%. >> yeah. >> we have low inflation and a rebournding growth in this country. hopefully that will engender growth abroad. maybe multiples can stay where they are. >> but good news is good news, right? >> good news is good news. it used to be we needed oil to rebound because we were worried about global
germany, slightly weaker. france slightly stronger. the ftse up about 1% in london. in asia overnight, gains across the board. the hang seng was up by 1.25%. the nikkei was up by just under 0.5%. oil prices, as we mentioned, are weaker this morning. they're down by about 1.5%. that's a decline of just over $1 to $67.97. wti falling back below $68 just in the last few minutes. take a look at what's been happening with the ten-year note. at this point, it will be sitting just under 2.25% at...
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Nov 25, 2014
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>> we published in germany a contract on the adult side of things now. the industry wished that there was a return of -- >> well, there have been rumors that maybe. >> well, if she ever did, the numbers would be phenomenal. if you look at the industry, it's level, level, level, so the industry would love the return. >> why is your niche with kids and parents, why is that different? >> the children's book industry is not so much destined by fashion. the kids and the parents, it's stories, stories, stories, year after year. it's not driven by peaks of adult. there's a distinction between adult and children's publishing in the industry. and that's also the adult and digital. that's big thing. children's digital, not so much. >> do you expect that to change soon? >> no, we don't. not in this generation. four or five years ago, i think everybody thought the children's industry would be dominated by digital, but it's just not happening. it's going for the roost. >> what about -- i know the kids that have electronic devices that they can download. >> we've seen
>> we published in germany a contract on the adult side of things now. the industry wished that there was a return of -- >> well, there have been rumors that maybe. >> well, if she ever did, the numbers would be phenomenal. if you look at the industry, it's level, level, level, so the industry would love the return. >> why is your niche with kids and parents, why is that different? >> the children's book industry is not so much destined by fashion. the kids and the...
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Nov 21, 2014
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the dax in germany up by 2.2%. the ftse up by 1.2%. joining us now to tell us how much further this bull market has to run is richard bernstein. great to see you today. >> thanks. >> so what gives? every time we think we're down others are saying we're here to catch you. >> it's odd they've reacted to positively to mario draghi's statements. i would argue he has no credibility. you know, two years ago or two and a half years ago he said the ecb would do anything. and credit in your region is contracting. you don't shrink your balance sheet. now he's saying they're going to expand their balance sheet. that's probably good they've contracted it a little bit more. i'm a little bit confused. i don't think he has any correct and why anybody would believe him is beyond me. >> that's true. maybe this time he means pit. >> if he does, i'm happy to reposition our portfolios if he does. i have no ax to grind. i don't care one way or the other. >> you said if you do believe him that he would reposition your portfolio. how would you do so? >> righ
the dax in germany up by 2.2%. the ftse up by 1.2%. joining us now to tell us how much further this bull market has to run is richard bernstein. great to see you today. >> thanks. >> so what gives? every time we think we're down others are saying we're here to catch you. >> it's odd they've reacted to positively to mario draghi's statements. i would argue he has no credibility. you know, two years ago or two and a half years ago he said the ecb would do anything. and credit in...
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Nov 20, 2014
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premarket is weak after lousy macrodata from china, germany, france. solid jobless claims in the u.s. and a cool cpi not helping matters much. we'll get philly fed in about an hour. oil relatively steady below $75 again. our road map with two
premarket is weak after lousy macrodata from china, germany, france. solid jobless claims in the u.s. and a cool cpi not helping matters much. we'll get philly fed in about an hour. oil relatively steady below $75 again. our road map with two
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Nov 10, 2014
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>> it's in germany. >> are you selling in europe? >> no. >> are you selling under a different brand? >> the factory has customers in europe. but for us harry's is in the u.s. and canada today. we will eventually sell there in the future. >> who's manufacturing this for you? >> we work with really good labs in the u.s. that sort of help us make the shaving cream. >> we have a whole team in house that really works on sort of formulations and making sure that we are able to deliver the functional benefits to customers we want. and then we work with chemistry partners to develop formulations, test them, and then bring them to market. >> let me ask you a different question which is you're a warby man. that was to be online direct only. then they decided to do stores because people liked to try the stuff on. you have a couple of retail relationships, but do you see this ever me being able to walk in and buy these blades? >> the way we think about retail is we want to deliver products to the customers in the most comfortable way possible. p
>> it's in germany. >> are you selling in europe? >> no. >> are you selling under a different brand? >> the factory has customers in europe. but for us harry's is in the u.s. and canada today. we will eventually sell there in the future. >> who's manufacturing this for you? >> we work with really good labs in the u.s. that sort of help us make the shaving cream. >> we have a whole team in house that really works on sort of formulations and making...
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Nov 3, 2014
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., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to "squawk box" a british banker appearing in hong kong today to face murder charges. they found two women dead in rory jordan's apartment. he was an employee of bank of america merrill lynch. and one of the bodies with us found in a suitcase on the apartment's balcony. there you do have a "law & order" script. >>> coming up this morning, not that we need an excuse to have food on the set, but today is national sandwich day. the ceo of jersey mike's will tell us how to take a bite out of the $30 billion industry. "squawk box" will be right back. ♪ for tapping into a wealth of experience... for access to one of the top wealth manag
., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to "squawk box" a british banker appearing in hong...
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Oct 30, 2014
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the dax in germany down by 1.5%. the cac down 1%. take a look where oil prices stand. right now down by about 1% for wti. decline to 8135. >> meantime the 2016 race for the white house is looming in the background. joining us now on set, we're happy to have him. senator ted cruz republican from texas. senator, thank you. in hollywood there's an old expression. you never want to follow a kid on a variety show. i don't know how you top a toilet segment at this point. >> i would just have to say you're setting up having a member of congress on the show. >> exactly. and you've got a use for the strong flushers in washington at times. >> there's more than a little manure generated in that town. >> there is. you need big boots. okay. so what is today? thursday? so how do we count that. four, five days until the election at this point. here's something that's interesting to me. you can troo i to explain it to me. we've got a stock market that's doubled. we've got unemployment under 6%. like it or not, there's more insured americans at this point. things are -- there are some
the dax in germany down by 1.5%. the cac down 1%. take a look where oil prices stand. right now down by about 1% for wti. decline to 8135. >> meantime the 2016 race for the white house is looming in the background. joining us now on set, we're happy to have him. senator ted cruz republican from texas. senator, thank you. in hollywood there's an old expression. you never want to follow a kid on a variety show. i don't know how you top a toilet segment at this point. >> i would just...
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Oct 28, 2014
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we know the number took a pause as well. >> germany, europe, a lot of stuff, right? >> it's -- it's tenuous the connection between durable goods and noetz headlines. >> i don't think it's surprising now. how long have we had just this overall tepid sort of wondering why our corporations aren't growing more. >> the capital spending numbers of late have not been that bad, joe. look at the overall -- >> to say it's tenuous when definitely there's something causing something and it's been causing it for a long time. >> i meant those things you were talking about. >> take your big. >> the markets, the stock markets at least have rebounded from those concerns. the question is will consumer and business confidence have rebounded as quickly? >> i think that's a great question. with 33% year over year on durable goods orders in july. 9% in august and 3% in september. we're still ahead of where we were last year and it's the reverse of the 2001 expansion which was very slow and then it ramped up. this was very fast on the front end and been kind of down. it was ticking up but
we know the number took a pause as well. >> germany, europe, a lot of stuff, right? >> it's -- it's tenuous the connection between durable goods and noetz headlines. >> i don't think it's surprising now. how long have we had just this overall tepid sort of wondering why our corporations aren't growing more. >> the capital spending numbers of late have not been that bad, joe. look at the overall -- >> to say it's tenuous when definitely there's something causing...
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Oct 28, 2014
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. >>> and also trading lower, 1% lower, celesio facing unfavorable conditions in germany, france and brazil. falling slightly from 2013. >>> italian markets, difficult session yesterday, of course, the banking sector had a very negative impact on the italian index. the ftse mib is bouncing back today in line with the rest of the indices in europe. the banking sector, net profit fell 6.4% in the first three months of its financial years. the investment banks, one of capital gains boosted the previous year's figures. >>> look, i have a huge apology. george, rbc, rbc, not rbs. i can't remember i can't believe i said that. i apologize profusely. i don't want to upset anyone that helia hasn't already upset. >> the other royal bank. >> the other royal bank. high dividend in the stock market, as well. >> it sort of ties into the conversation we've been having. one of the early fallacies investors were making was as they were searching for yield, very high dividend yields in equities. let's do that instead of fixed income. it's the same topic than you probably should, but it's not the same t
. >>> and also trading lower, 1% lower, celesio facing unfavorable conditions in germany, france and brazil. falling slightly from 2013. >>> italian markets, difficult session yesterday, of course, the banking sector had a very negative impact on the italian index. the ftse mib is bouncing back today in line with the rest of the indices in europe. the banking sector, net profit fell 6.4% in the first three months of its financial years. the investment banks, one of capital...
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Oct 23, 2014
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in germany, their's is .8 of a percent. i don't know. is it really 5% right now? 3 plus 2 or is it 3 plus 0? >> but u.s. only. >> i'm talking u.s. but i'll tell you what. i don't think u.s. bond investors are going to sit still with the 2.25% yield on the 10-year if the inflation rate starts to accelerate in this country. i just think you're already close to a zero yield on your 10-year bond. if this starts accelerating at all, i think bond investors won't sit for that even if they've got deflation in japan. >> we've been hearing this for a long time. one of these days it's going to happen. but anybody that's gotten too early on that has been wrong. i ask you a question. is there volatility now or was there just no volatility before? what is volatility in this market? >> well, i think, joe, we had massive record-setting post-world war ii volatility during the '08, '09 aftermath. we had 80 vix readings for awhile. unprecedented except for the great depression. so i think you follow that incredible volatile period with a period of lower volatility. that's not necess
in germany, their's is .8 of a percent. i don't know. is it really 5% right now? 3 plus 2 or is it 3 plus 0? >> but u.s. only. >> i'm talking u.s. but i'll tell you what. i don't think u.s. bond investors are going to sit still with the 2.25% yield on the 10-year if the inflation rate starts to accelerate in this country. i just think you're already close to a zero yield on your 10-year bond. if this starts accelerating at all, i think bond investors won't sit for that even if...
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Oct 22, 2014
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., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> up next, we are standing by, dan gilbert, the chairman and founder of quickin loans and owner the cleveland cavaliers and a driving force behind revival effort of the city of detroit. a lot to talk about it. he's with us the rest of the show. >> good morning. >> we'll be right back. e financial noise financial noise financial noise financial noise >>> welcome back to "squawk box, everybody, this is cnbc, first in business worldwide, i'm becky with andrew, and our guest is dan gilbert, founder and chairman of quickenloans, and owner of cleveland cavaliers and brought friends with him today. we have a lot to cover this morning. all of that with da
., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> up next, we are standing by, dan gilbert, the chairman and founder of...
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Oct 21, 2014
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absolutely. >> how do they convince germany to do that. how do you convince france to stop, you know -- >> do different questions there. one is will the ecb do something en thoi they don't believe it will be effective. we will get more qe but it will not help fundamentally the european economy. to your second question, the structure reforms we need, won't get those for awhile. so this is a low growth equilibrium. just think of what jegermany di. we're in october and they revised a number. >> you know, we've heard from ibm yesterday. jenny rometti won't say much. but we've heard from weak factors in other areas. ncr warning that the semiconductor mie ro electronics was a huge warning earlier. are these small blips in a world otherwise doing okay? or is there something you need to see some trend. >> stow the ibm news, i was watching you yesterday and looked at the statement. it was a frank statement about how difficult it is for a company to adjust to a world that's transforming. ibm is all about adapting to a world. and it's changing becaus
absolutely. >> how do they convince germany to do that. how do you convince france to stop, you know -- >> do different questions there. one is will the ecb do something en thoi they don't believe it will be effective. we will get more qe but it will not help fundamentally the european economy. to your second question, the structure reforms we need, won't get those for awhile. so this is a low growth equilibrium. just think of what jegermany di. we're in october and they revised a...
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Oct 15, 2014
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check out what's happening in germany, dax off 2%, a similar decline for the cac in france, and ftse off one and a half, and greece is off 10%. they are not one month numbers, but markets today. this is what's happening. >> okay. as joe teased right before the break, a new prime time show coming to cnbc featuring a familiar face to nbc viewers. jane wells is joining us now with the details. jane? >> reporter: andrew, a labor of love, quote, reached a point where automobiles reached art stat status, so says a guy who knows more about value of cars than anyone owning 130 of them and 90 motorcycles. >> you look at it, just meant to run over poor people with. >> reporter: that's jay leno with a duzenberg owned by eli lily displayed in his personal 101,000 square foot garage. his new show starts next year centers on car stories, history, driving, and investing. >> you know, that's a lot of money. can i ask how much money this is worth? >> i have no idea. i think it's safe to say whatever i paid for it is double or tripled in value, certainly. i mean, the automobiles seem to be a good inve
check out what's happening in germany, dax off 2%, a similar decline for the cac in france, and ftse off one and a half, and greece is off 10%. they are not one month numbers, but markets today. this is what's happening. >> okay. as joe teased right before the break, a new prime time show coming to cnbc featuring a familiar face to nbc viewers. jane wells is joining us now with the details. jane? >> reporter: andrew, a labor of love, quote, reached a point where automobiles reached...
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Oct 14, 2014
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specifically germany has them very concerned. china has them very concerned from a growth perspective. when you look at valuations, you know, high 14s, low 15s, you can't make a huge argument we're supposed to have a large correction, but i could see equity softness here when you look to put volatility in dollar context. you know, you could sell those for in and around a hundred dollars. so your break evens are in the ballpark of 1775 on the downside. that seems excessive to me. i think volatility is a bit overdone here given the continued central bank action that we'll see. but the market is very concerned about those. >> the lack of volatility you would attribute to the fed that we saw for a year or so. let me ask you just a throw away question. where is the vix? >> 24. >> all right. so could you say that one point is attributed to ebola? two points? zero points? >> you know, i think you can attribute the, you know, reactions of ebola are going to be in the airlines, the transportations, and the hotels. >> so it's there. it's n
specifically germany has them very concerned. china has them very concerned from a growth perspective. when you look at valuations, you know, high 14s, low 15s, you can't make a huge argument we're supposed to have a large correction, but i could see equity softness here when you look to put volatility in dollar context. you know, you could sell those for in and around a hundred dollars. so your break evens are in the ballpark of 1775 on the downside. that seems excessive to me. i think...
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Oct 6, 2014
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if we made germany pay back everything they owed us after world war ii, they wouldn't be in this position. it's important for everyone to become much more cohesive towards greece and southern european economies. >> did you see the piece saying they're una i believe to pay their debt service in eight months. >> absolutely. structurally there's no way austerity works. you have to monetize the thing out of existence. you have to destroy it and then start fresh anew. >> that's what we're doing too. >> exactly. in a more surreptitious way. >> the whole world is rushing to the value. i don't know how that works. when everyone is rushing to devalue their currency, sooner or later it seems like it hurts everyone's standards of living down the road. >> because the problem is we just -- we were in this deleveraging mode. this recovery is different from all the other recoveries. because nobody is spending money. for example, the story on friday is everybody is coming back now we're making jobs but not money. that's why the recovery is not working. yes, the dollar is down against the euro and pound.
if we made germany pay back everything they owed us after world war ii, they wouldn't be in this position. it's important for everyone to become much more cohesive towards greece and southern european economies. >> did you see the piece saying they're una i believe to pay their debt service in eight months. >> absolutely. structurally there's no way austerity works. you have to monetize the thing out of existence. you have to destroy it and then start fresh anew. >> that's...
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Sep 30, 2014
09/14
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likes like slightly lower in london, but in france and germany, some free narrows. that's when expertise happens. mfs. because there is no expertise without collaboration. your customers, our financing. your aspirations, our analytics. your goals, our technology. introducing synchrony financial, bringing new meaning to the word partnership. banking. loyalty. analytics. synchrony financial. enagage with us. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. ♪ ♪ mr. daniels. mr. daniels. look at this. what's this? clicks are off the charts. yeah. yoshi, we're back. yes, sir! ♪ ♪ more shipping! more shipping! ♪ ♪ [ beeping ] ♪ ♪ >>> welcome back. it's time now for the squawk planner. the markets, they're going to be getting ready for prices today. the s&p case-shiller index will be released at 9:00 a.m. eastern time. on the earnings front, we're going to get quarterly results fro
likes like slightly lower in london, but in france and germany, some free narrows. that's when expertise happens. mfs. because there is no expertise without collaboration. your customers, our financing. your aspirations, our analytics. your goals, our technology. introducing synchrony financial, bringing new meaning to the word partnership. banking. loyalty. analytics. synchrony financial. enagage with us. opportunities aren't always obvious. sometimes they just drop in. cme group can help you...
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Sep 24, 2014
09/14
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interesting that are not internationally related that have nothing to do with russia, nothing to do with germany. they're being brought down just as a matter of course because the rest of the market is falling. >> okay. keep it short, jim. we do have a lot -- you know, we've got things happening in syria. god knows what happens there. then ebola. >> stay on biotech, joe. >> we need to get on an ebola cocktail, too, that actually works. or a vaccine. we should be doing this now. >> we'll do it. our guys are the best. we'll solve this. >> yeah, we will. all right. thank you, jim. we'll see you. >>> still to come this morning, kyle bass was one of the few lucky investors able to get in early on the action on ali baa baa. we'll get his take on where the stock goes from here. "squawk box" will be right back. don't compromise. i ok, how about 10 gigs of data to share, unlimited talk and text, and you can choose from 2 to 10 lines. wow, sounds like a great deal. so i'm getting exactly what i want, then? appears so. now, um, i'm not too sure what to do with my arms right now 'cause this is when i usuall
interesting that are not internationally related that have nothing to do with russia, nothing to do with germany. they're being brought down just as a matter of course because the rest of the market is falling. >> okay. keep it short, jim. we do have a lot -- you know, we've got things happening in syria. god knows what happens there. then ebola. >> stay on biotech, joe. >> we need to get on an ebola cocktail, too, that actually works. or a vaccine. we should be doing this...
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Sep 23, 2014
09/14
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>> well, if you look at germany over the last ten years, there are days of germany right now where renewable energy is providing 70% of the total electricity in the country. solar right now, 1% to 2%. if you add water and wind, it's less than 10% total, but it can grow dramatically. >> i just heard a question framed that you can never really get away from what you do. and that is providing power and energy that might be from hydrocarbons but doing it well, allowing people to have power, to have heat, to have electricity, to have lights. other energy companies allow people to drive in their cars. that was framed at can you get away from the evil things you do and get more renewable clean things? can you ever be a positive part of society rather than -- >> no. he is a very positive part of society. >> since renewable is only 10%, can the 90% of the bad negative things you do be counteracted? >> i think you have to keep in mind the different time frames. i mean, certainly when you talk about climate change all of the scientists focus you on 2050 -- >> three inches or something by 2100. some peo
>> well, if you look at germany over the last ten years, there are days of germany right now where renewable energy is providing 70% of the total electricity in the country. solar right now, 1% to 2%. if you add water and wind, it's less than 10% total, but it can grow dramatically. >> i just heard a question framed that you can never really get away from what you do. and that is providing power and energy that might be from hydrocarbons but doing it well, allowing people to have...
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Sep 18, 2014
09/14
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in germany, the dax is up by about 1%. ftse is up by 0.5% in london and the cac is up by just over 0.6%. in asia overnight, the nikkei was up by better than 1%. is shanghai composite was higher, as well. but the hang seng was down by just over 0.8%. if you're watching oil prices, we did see some moves higher at this point, though, barely changing direction, down about 4 cents to 94.38 for wti. still, that's at a rather high level for crude relative to what we've seen over the last week or so. at this point, the ten-year note is yielding 1.22%. the dollar looks like it is down against the euro. still, the euro is all the way down at 1.2877. gold prices yesterday dropped to around the lows of the year. you can see this morning, they're down another $12. 1,223.90 an ounce. >> we're going to talk a little morally baba right now. more and more than 200 billion dollars. eunice yoon joins us from bay joining. >> good morning. if you want to know why the chinese government is so keen on alibaba -- john hung used to sell sesame bun
in germany, the dax is up by about 1%. ftse is up by 0.5% in london and the cac is up by just over 0.6%. in asia overnight, the nikkei was up by better than 1%. is shanghai composite was higher, as well. but the hang seng was down by just over 0.8%. if you're watching oil prices, we did see some moves higher at this point, though, barely changing direction, down about 4 cents to 94.38 for wti. still, that's at a rather high level for crude relative to what we've seen over the last week or so....
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Sep 16, 2014
09/14
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content work in france and germany? and the pushback we get is netflix talks about how one of the most popular shows in france is "medium," a u.s. tv show. so how well will u.s. content export? especially television shows. i think netflix is betting it will work very well. that doesn't mean they're not licensing a significant amount in the european markets. we did a demo yesterday of the french service. there is a significant amount of french content both tv movies even kid shows. they're definitely out there a " they are licensing local content. recognizing to be successful in these european markets, they've got to attack local language content. >> rich, netflix had a wonderful rise in terms of its stock price. even the positive look at this foreign strategy says it's going to take four, five years to be profitable. what's likely to happen to the netflix stock as they go about trying to penetrate europe? >> what's worried us about the stock has been that we felt like it was already discounting significant success overs
content work in france and germany? and the pushback we get is netflix talks about how one of the most popular shows in france is "medium," a u.s. tv show. so how well will u.s. content export? especially television shows. i think netflix is betting it will work very well. that doesn't mean they're not licensing a significant amount in the european markets. we did a demo yesterday of the french service. there is a significant amount of french content both tv movies even kid shows....
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Sep 15, 2014
09/14
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responding to my lep y -- they are partnering with the third largest telecom operator expanding to germany, austria, switzerland, belgium and l lexumborg. they don't have multiple tier pricing. >> in france, you mean? or everywhere. >> everywhere, i don't know about that, actually. there's a battle in the war between amazon and hachette. the writers are appealing to the board of directors today. the group called authors united posting a letter on its website saying in part, efforts to impede or block the sale have a long and ugly history do. you personally want to be associated with this? authors have until wednesday to sign the letter before it's sent to amazon's board of directors. would you sign that? >> you did see that someone, maybe you can actually get behind the u.k. going on iowa thinking about a run. we know she's there. this guy -- bernie sanders is headed to iowa. he thinks there's a ground swell in the country. things like he's thinking about -- >> i know bernie. i'm thinking maybe. you would think i have a better chance. >> honestly, i do. >> i think bernie has been tweeting
responding to my lep y -- they are partnering with the third largest telecom operator expanding to germany, austria, switzerland, belgium and l lexumborg. they don't have multiple tier pricing. >> in france, you mean? or everywhere. >> everywhere, i don't know about that, actually. there's a battle in the war between amazon and hachette. the writers are appealing to the board of directors today. the group called authors united posting a letter on its website saying in part, efforts...
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Sep 8, 2014
09/14
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and in germany this weekend one man set a new record. he carried the most full mugs of beer at one time. the total number, that's 27 beers. does he get to drink all that. i don't know how that works? marriott ready to give investors reasons to check in on their stock. they plan to add up to 1300 hotels around the world over the next three years. that's the tip of the iceberg in its look ahead. we're going to talk about it. here to talk with us about it, arnie sorenson joining us for a "squawk box" ceo call. good morning to you. >> good morning. >> help us. you just put out a release on this. 1300 hotels. >> that's right. we're holding an analyst conference and we're going to talk about the marquee that opened just a few months ago. but we're going to talk about what our business looks like in 2017 and we're going to really talk about unit growth. we're talking about 5,000 hotels by 2017 around the world. and with that and are the growth in the united states and other parts of the world, we ought to see it grow at 91%. >> so what's the mo
and in germany this weekend one man set a new record. he carried the most full mugs of beer at one time. the total number, that's 27 beers. does he get to drink all that. i don't know how that works? marriott ready to give investors reasons to check in on their stock. they plan to add up to 1300 hotels around the world over the next three years. that's the tip of the iceberg in its look ahead. we're going to talk about it. here to talk with us about it, arnie sorenson joining us for a...
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Sep 2, 2014
09/14
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interestingly enough, you take germany, spain, france and italy and average that out, that would be a yield of a 1.50 compared to 2.38. so there's still room to go. plus, i would make the point, you were talking about it earlier, how well the dow and the s&p has been this year. >> dow is only at 3%. but the s&p is up 8%. >> right. if we use the 20-year index, bonds are up 16.95%. >> wow. >> way over-shadowing equity markets. >> that is crazy. but that's where it is. >> yes. >> you were right about yields, that's for sure. >> were you more negative on the prospects a couple of years ago? and we don't think of it as insolvent. we just think of it has not growing. >> they're certainly not insole vice president, sdwroe. >> we thought that for a while. we thought there were times where they were never -- like greece, we thought that was an insolvency probe. >> it was of themselves and two problems but it was cured by what the ecb did. it works to some extent. maybe not in terms of growth, but at least they're back, you know, yields aren't 9% over there now. they got their house in order. >
interestingly enough, you take germany, spain, france and italy and average that out, that would be a yield of a 1.50 compared to 2.38. so there's still room to go. plus, i would make the point, you were talking about it earlier, how well the dow and the s&p has been this year. >> dow is only at 3%. but the s&p is up 8%. >> right. if we use the 20-year index, bonds are up 16.95%. >> wow. >> way over-shadowing equity markets. >> that is crazy. but that's...
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Aug 22, 2014
08/14
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the dax right now in germany, down by 0.8%. we'll continue to watch this through the morning. it has been a big week in retail, as well. home depot, lowe's and kohl's hitting highs. next week, abercrombie is out with results. how should investors feel about the sector and the health of the consumer? joining us right now, jay rogers, worldwide enterprises ceo. also our very own courtney reagan. what is happening with the consumer? what's taking off with this? it's hard to get a feel for that right now. >> i think if you're winning, you're really winning. i think if you've got names, the big brands, macy's has been a stand out in the department store secretarier for a while and i don't see that changing. home depot, a winner in the home improvement space as well as in the format in general. they're beginning to use their stores and distribution centers. you have the big standouts. the ones that are filling are filling. consumers are fickle and they're strongly fickle. they have discretionary income that they're willing to spend on items like sweaters and shoes. i believe that's
the dax right now in germany, down by 0.8%. we'll continue to watch this through the morning. it has been a big week in retail, as well. home depot, lowe's and kohl's hitting highs. next week, abercrombie is out with results. how should investors feel about the sector and the health of the consumer? joining us right now, jay rogers, worldwide enterprises ceo. also our very own courtney reagan. what is happening with the consumer? what's taking off with this? it's hard to get a feel for that...
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Aug 19, 2014
08/14
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i was doing good times, bad times in germany. and i played an american rock star so i had a goatee and some hair on my face already and i had longer hair and i had to keep that for continuity. >> are there any american soaps left that are popular? you would be a good soap guy. you know what i mean? be in love with someone. problems. you could be the other man, there's a lot of different roles. >> it's always like that. they still have soaps in america? >> they've become less popular as everyone's moved back into the city from the suburbs. they don't really watch -- >> do you know that -- >> i'm going to roll that back. i 345ed a comment about cities. >> andrew, do you know -- >> i love all the cities. >> denver has an omelette, used to be named after it. >> denver is not even a city, even though it has an omelette named after it. >> my sister, my nephew, my brother, they all live -- >> i don't want to -- >> you said it wasn't. you said they shouldn't have kids on flights either. >> we should put the united states on the big wall
i was doing good times, bad times in germany. and i played an american rock star so i had a goatee and some hair on my face already and i had longer hair and i had to keep that for continuity. >> are there any american soaps left that are popular? you would be a good soap guy. you know what i mean? be in love with someone. problems. you could be the other man, there's a lot of different roles. >> it's always like that. they still have soaps in america? >> they've become less...
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Aug 18, 2014
08/14
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that's a pretty big move in germany. we'll take a 1.4%, over 4% in france, where they're down to $22 right now. if you want an espresso, it's going to be a $40 bill. >> we should go over there. >> well, it's a little cheaper. you saw that the euro 1.33%, better than 1.39%. then there's the asian markets. not much happening at this point. you're doing this again? you're not doing this again. >> oh, we have corporate news, but we should tell you, we give you the news first and then the news crosses the wire. cnbc, "squawk box" breaks news and then -- >> let me see. >> we give you the news so you know what that is. dollar general with that proposal to buy family dollar, the transaction, the proposal worth at least $78.50 per share. that's $99.7 billion in total, as we discussed just in the past couple months. let's get you through some corporate news. >>> credit suisse reportedly played a role in the espirito santo collapse. the "wall street journal" reports they helped put together billions in securities issued by offshore
that's a pretty big move in germany. we'll take a 1.4%, over 4% in france, where they're down to $22 right now. if you want an espresso, it's going to be a $40 bill. >> we should go over there. >> well, it's a little cheaper. you saw that the euro 1.33%, better than 1.39%. then there's the asian markets. not much happening at this point. you're doing this again? you're not doing this again. >> oh, we have corporate news, but we should tell you, we give you the news first and...
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Aug 13, 2014
08/14
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that germany's economy is limping along. italy is in recession. are we if danger of sweeping the blue? the chief economist of j.p. morgan and our guest host jim paulsen chief investment strategist at capital management. bruce, i don't know for how long, if you can't be in this business and realize that you can argue either side for all these issues, so europe is slow, so that would make me worry about catching something, catching the flu. with german yields at 12 1%, these continents at low yields, it seems we will be low here a long time then i look at that bullishly. is it good or bad there is a slow down in europe? it helps a little, doesn't it? >> i think there is no doubt from the point of view u.s. growth europe weak is not a good thing. >> okay. >> what about for the fed? >> well, for the fed, growth is what they would like now. i think the fed would like to be in a position where they get enough growth and healing to start normalizing rates. growth is what we need. i think growth in the u.s. is looking on solid ground right now. the questi
that germany's economy is limping along. italy is in recession. are we if danger of sweeping the blue? the chief economist of j.p. morgan and our guest host jim paulsen chief investment strategist at capital management. bruce, i don't know for how long, if you can't be in this business and realize that you can argue either side for all these issues, so europe is slow, so that would make me worry about catching something, catching the flu. with german yields at 12 1%, these continents at low...
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Aug 12, 2014
08/14
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we need to see that europe and in particular germany are showing some revival kinds of drugs. so far, the numbers are looking somewhat disappointing. that suggests to me the central bank has to be somewhat more aggressive to stimulate the economy there. otherwise, it will have an impact on global economies. >> if there is a silver lining, maybe that situation is what slows the pace of interest rate hikes or -- in this country, no? >> you know, only if the u.s. is in a bubble, then we would say u.s. interest rates have to go up. we are beginning to see bits of inflation. we are beginning to see a little bit more tightness. >> yeah. hello. >> well, you know, saying that, i mean, the long end of the market would have enough autonomy that it would head in the direction that it sees fit based on, you know, the results of economics around the world, essentially. and right now we're near the calendar year lows and once again, it seems to be the fed that is directing the long end, but it's kind of the opposite world. because the ten-year has gone down in yields since the 3% -- at the
we need to see that europe and in particular germany are showing some revival kinds of drugs. so far, the numbers are looking somewhat disappointing. that suggests to me the central bank has to be somewhat more aggressive to stimulate the economy there. otherwise, it will have an impact on global economies. >> if there is a silver lining, maybe that situation is what slows the pace of interest rate hikes or -- in this country, no? >> you know, only if the u.s. is in a bubble, then...
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Aug 11, 2014
08/14
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germany more than 1.5% after going into correction territory last week. france, ftse and italy are all higher. while the situation in ukraine seems to be calming down we're following a very different situation in iraq. embattled iraqi prime minister nuri al maliki spoke yesterday on national tv in iraq making his first public comments since the u.s. airstrikes and he is very defiant. he says he will not step down. in the televised speech al maliki announced he plans to file a legal complaint against the new iraqi president for committing quote a clear constitutional violation. in the mean time this is video of fierce fighting in northern iraq yesterday helped by u.s. bombing raids. the kurdish forces reportedly overwhelmed isis. we're going to have a live report from erbil the capital of kurdistan coming up in just about a half hour 8:30 a.m. eastern tile. >> and joining us to discuss the markets and the geopolitical worries of the day, brian bellsky, and steven, citi private bank global chief investment strategist. i'll start with you, steve, because i'm
germany more than 1.5% after going into correction territory last week. france, ftse and italy are all higher. while the situation in ukraine seems to be calming down we're following a very different situation in iraq. embattled iraqi prime minister nuri al maliki spoke yesterday on national tv in iraq making his first public comments since the u.s. airstrikes and he is very defiant. he says he will not step down. in the televised speech al maliki announced he plans to file a legal complaint...
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Aug 7, 2014
08/14
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germany, ftse also flat. go to rick santelli. he's standing by in chicago. >> wow, we see a nice drop in the jobless claims. down 14,000 from a revised 303 down to 289. so, a bit of a surprise there. but once again you know, maybe this is like north carolina, as jobless claims benefits get curtailed around the country what we see is these numbers start to fall and we actually see pickup in job creation. what we can argue is the type of jobs that are being created and the type of jobs some of these folks are taking. ecb bank of japan, bank of england that monetary policy committee, it all seems as though the news is about the same as, of course, we will monitor the press conference and the notion that, you know, the central bank of europe is most likely causing a lot of the downward pressure they see. it's all a spiral. there's deflation, and then there's deflation. i think the deleveraging, and the competitive issues that need to be helped out by dropping prices is going to be fought hard by the central bank. and the spiral most
germany, ftse also flat. go to rick santelli. he's standing by in chicago. >> wow, we see a nice drop in the jobless claims. down 14,000 from a revised 303 down to 289. so, a bit of a surprise there. but once again you know, maybe this is like north carolina, as jobless claims benefits get curtailed around the country what we see is these numbers start to fall and we actually see pickup in job creation. what we can argue is the type of jobs that are being created and the type of jobs some...
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Aug 4, 2014
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the dax in germany lower by a fraction of 1%. in asia, major markets are mixed at this hour among the headlines out of the region. growth in chinese services sector slipping to a six-month low in july. the non-manufacturing pmi showed new orders rose at the weakest rate in at least a year. brian, the nikkei is down slightly but the rest of the major averages across asia are slightly higher. >>> kayla, thank you very much. folks do think it's a slow summer week. you better think again because another big round of earnings are coming your way. among the companies set to post numbers this week, aig, disney, time warner, aol, fox, cbs, wendy's and hundreds more. the wall street journal reporting overall revenue in s&p 500 companies seat to rise 4.3% from last year's second quarter. and that, folks, marks the fastest growth since the fourth quarter of 2013. the article also notes other companies that have already reported their earnings. two-thirds have beat the sales targets. beyond news of the earnings and the economy, geopolitical
the dax in germany lower by a fraction of 1%. in asia, major markets are mixed at this hour among the headlines out of the region. growth in chinese services sector slipping to a six-month low in july. the non-manufacturing pmi showed new orders rose at the weakest rate in at least a year. brian, the nikkei is down slightly but the rest of the major averages across asia are slightly higher. >>> kayla, thank you very much. folks do think it's a slow summer week. you better think again...
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Aug 1, 2014
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the biggest decliner, it's the dax in germany, off by 2%. but 1% to 1.5% declines for many of the major markets. overnight in asia, the declines are more muted. the hang seng was off by 0.9%. you saw lows for the nikkei and the shanghai. if you're looking at oil prices, crude oil dropped nearly 7% for the month of july. that was its worst month since may 2012. now you can take a -- yeah, for anybody driving and filling your car up. take a look right now, it's down another 87 cents for wti, 97.30. look at the ten-year, yielding 2.578%. it's been stuck in a range, as rick santelli was telling us yesterday, between 2.4% and 2.64% i think was the range that we've been sitting and looking at for a long time. a lot of players trying to figure out if it's going to go up or down from here. we're going to talk to mark grant in just a moment. but quickly, the dollar at this point, the euro saw its biggest monthly drop versus the dollar since february. july, down by 2.2%. dollar down this morning, euro is trading at 1.3398. dollar/yen at 102.93. gold p
the biggest decliner, it's the dax in germany, off by 2%. but 1% to 1.5% declines for many of the major markets. overnight in asia, the declines are more muted. the hang seng was off by 0.9%. you saw lows for the nikkei and the shanghai. if you're looking at oil prices, crude oil dropped nearly 7% for the month of july. that was its worst month since may 2012. now you can take a -- yeah, for anybody driving and filling your car up. take a look right now, it's down another 87 cents for wti,...
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Jul 31, 2014
07/14
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the dax in germany, off by 0.5%. the ftse is down by 0.25% the right now. take a look at what happened in asia overnight, as well. a lot of these headlines hitting as japan's market was opening there. that was the first sign that argentina was not going to be able to make its payments. as you can see right now, the nikkei closed down by about 25 points. the shanghai, though, was up by close to 1%. among today's tests for the u.s. markets, we have economic numbers, more earnings that will be hitting. at 8:30 eastern time, we will be getting the weekly jobless claims numbers. polled economists were filed last week, up 21,000 from the week before. when it comes to earnings, oil giant exxon mobil, conco philips are both reporting. mastercard and kelloggs, those are among other names that we'll be expecting today. right now, let's get over to michelle with a roundup of some of today's other stocks to watch. >> a number of companies posting results last night, becky. revenues came in just shy of expectations and the company is cutting its full year forecast for t
the dax in germany, off by 0.5%. the ftse is down by 0.25% the right now. take a look at what happened in asia overnight, as well. a lot of these headlines hitting as japan's market was opening there. that was the first sign that argentina was not going to be able to make its payments. as you can see right now, the nikkei closed down by about 25 points. the shanghai, though, was up by close to 1%. among today's tests for the u.s. markets, we have economic numbers, more earnings that will be...
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Jul 28, 2014
07/14
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it's happening in germany. and across europe, as well. the groundwork is being laid for tighter sanctions, one step closer to sectoral sanctions which we may see by the end of fall. >> and the sanctions are having what impact? because it feels like none at the moment. >> they're not having -- they're having an effect probably on the russian economy but it's going to be a slow burn effect. it's designed to be a slow burn effect. in terms of russia's approach to the conflict itself it's not having any effect. it may be having the opposite effect of making putin more determined to push his whatever is left of his advantage in eastern ukraine, and so, for the beyond this week, and for the rest of this summer, you're going to see an intenzification of the fighting, because mr. poroshenko, the new president of ukraine, has to demonstrate to his people, in western and central ukraine, that he's not going to back down, either. so, you're going to see both sides intensifying the fight. and donetsk, and all along the border. >> you were advising th
it's happening in germany. and across europe, as well. the groundwork is being laid for tighter sanctions, one step closer to sectoral sanctions which we may see by the end of fall. >> and the sanctions are having what impact? because it feels like none at the moment. >> they're not having -- they're having an effect probably on the russian economy but it's going to be a slow burn effect. it's designed to be a slow burn effect. in terms of russia's approach to the conflict itself...
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Jul 25, 2014
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and this is in germany. here's was going to happen. -- >> speaking of white collar criminals, rupert murdoch, why didn't out put that in there? >> i didn't think of that, joe. you know where your mind is. over the next few weeks, we're getting earnings report from time warner. you're getting earnings reports from news corp., but it's really 21st century fox. depending on where those news reports check out, you'll see the month of august to be a jockeying effort in terms of where shareholders are going to land on all this. i imagine time warner privately has been working on a plan to show the public probably for early september, depending on sort of where things stand with shareholders and how much pressure there is is to show what they can do independently. so i think this whole sort of game, it is a game, is going to begin in earnest. >> so you're suggesting both companies are going to try to make those numbers look as strong as possible? >> everyone is going to try to look as strong as possible in the next
and this is in germany. here's was going to happen. -- >> speaking of white collar criminals, rupert murdoch, why didn't out put that in there? >> i didn't think of that, joe. you know where your mind is. over the next few weeks, we're getting earnings report from time warner. you're getting earnings reports from news corp., but it's really 21st century fox. depending on where those news reports check out, you'll see the month of august to be a jockeying effort in terms of where...
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Jul 23, 2014
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and germany is going to make a difference in that duopoly. you just announced what boeing's stock price was. so on its face, if you look at the general accounting office, the exxon bank does not eiate jobs. it's about one issue, wide body financing to state-owned enterprises that have easy access to market rates. >> richard, one of your other biggest expenses is energy. and a couple years ago, you bought your own refinery. if i'm correct, you just made another deal this week for five years of crude supply to that refinery. i know it has had spotty earnings, but does that mean you have a pretty bullish outlook on the price of crude for at least the next five years? what can we make of that? >> well, the key thing to look-at-delta is what our all if price per gallon per fuel is. this quarter we're at $2.93 a gallon. ever penney is ten bucks per quarter. excluding delta is $3.08. we have been doing that quarter if, quarter out. now we will be supplying our refinery with a significant amount of domestic crude and, fafblg, we got a jones act vesse
and germany is going to make a difference in that duopoly. you just announced what boeing's stock price was. so on its face, if you look at the general accounting office, the exxon bank does not eiate jobs. it's about one issue, wide body financing to state-owned enterprises that have easy access to market rates. >> richard, one of your other biggest expenses is energy. and a couple years ago, you bought your own refinery. if i'm correct, you just made another deal this week for five...
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Jul 21, 2014
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germany is lower by 61 points. big sell-off in italy lower by 186 points near .90%. here's what happens in asia, japan is closed. so we are not showing you what happens there. hang seng and hong kong lower by 67 points. shanghai is lower by 4.5 points. oil despite the disruption, no big rise in the price. nymex is at 103 dollars a barrel. ice brent is lower as well. the yield is still below 2.5% as we saw the stock market rally. the ten-year sold off a bit but the yield never got to 2.5% as we saw people moving into equities. as for the dollar this morning, stronger against the pound and the euro, weaker against the yen. the pound is going to cost you $1.70 and the euro is $1.30. this morning gold is higher at 1315. >>> thank you, michelle. >> the holding company has filed for protection. right. >> i thought we were worried about that in the world markets. was this not the worst they were wondering would happen? >> when it comes to portugal or europe? >> that was the bank we were worried about. >> right. we were. well, the bank itself, are you saying that the bank is
germany is lower by 61 points. big sell-off in italy lower by 186 points near .90%. here's what happens in asia, japan is closed. so we are not showing you what happens there. hang seng and hong kong lower by 67 points. shanghai is lower by 4.5 points. oil despite the disruption, no big rise in the price. nymex is at 103 dollars a barrel. ice brent is lower as well. the yield is still below 2.5% as we saw the stock market rally. the ten-year sold off a bit but the yield never got to 2.5% as we...
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Jul 18, 2014
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they're the ones most affected by russia's natural gas commitment to germany. and so, actually the entire european union, as you know, one-third of russia's natural gas goes in to europe. so, they dent want to impose more sanctions. but i think this international incident is explosive. and politically a lot of countries are not going to have more choice to impose more sanctions that appears that russia itself had a hand. but let's not jump to conclusions. let's get the facts. >> governor, we had to use your expertise, as a u.n., you know, as a diplomat, and we'll talk about immigration on another day when that becomes -- i'm sure it will be back on the front burner eventually anyway. we appreciate your time this morning. we're out of time. thank you. >> nice to be with you. >> coming up, russia's response to the situation in ukraine. we'll get a live report as we head to a break check out crude prices this morning. markets remain on edge. "squawk box" will be back after a break. what can your fidelity greenline do for you? just take a closer look. it works how
they're the ones most affected by russia's natural gas commitment to germany. and so, actually the entire european union, as you know, one-third of russia's natural gas goes in to europe. so, they dent want to impose more sanctions. but i think this international incident is explosive. and politically a lot of countries are not going to have more choice to impose more sanctions that appears that russia itself had a hand. but let's not jump to conclusions. let's get the facts. >> governor,...
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Jul 11, 2014
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>> germany is pretty much flat. france and the ftse over in london, not big gains as we're seeing in the peripherals. in asia overnight, the nikkei fell. they were reacting to what we saw in the u.s. and european sessions yesterday. although interesting to see in shanghai stocks finish higher. looks like we've got energy here, as well. >> we can do that. >> pressure on wti and on brent. wti down for the 11th day in a row. brent, the international benchmark, also lower, down by 0.5% from shaking off the geopolitical concerns there. and there is your market, michelle. >> markets ending to the down side, well above session lows in portugal's banking problems, initially rattled investors. those fears seem to be contained at least for now. carl icahn says it's time to be cautious about u.s. markets. is he right? joining us right now, bruce kasman in new york city and patrick. it's great to have you guys here. patrick, you agree with carl icahn, i understand. >> yes. there are two things to drive this market forward. ther
>> germany is pretty much flat. france and the ftse over in london, not big gains as we're seeing in the peripherals. in asia overnight, the nikkei fell. they were reacting to what we saw in the u.s. and european sessions yesterday. although interesting to see in shanghai stocks finish higher. looks like we've got energy here, as well. >> we can do that. >> pressure on wti and on brent. wti down for the 11th day in a row. brent, the international benchmark, also lower, down by...
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you have to be careful about saying anything about germany, right? why? >> i guess because it's -- >> they've beat france and holland again. >> right. >> supposedly messi is so machine like and military. any references to that, you're uncomfortable. >> yeah. >> so naturally you're rooting for them, then, right? >> my adopted -- before i was adopted, my name wag gunther, so yes. >> gunther. >>> when we return, folks, allergan defending itself against a hostile takeover. the ceo of the botoxmaker say down with jim cramer. that's, in. as we head to break, we are following the futures which are down sharper this morning. more squawk in just a moment. >>> woish to "squawk box." the futures are suggesting a negative open. the dow would open lower by 130 points, the s&p lower by 15 and the nasdaq down by 30. a lot of that follow on from europe where we see those markets sharply lower, especially portugal by more than 4% off. poor industrial production data out of two different countries and some weak chinese data overnight. joe. >> allergan's ce on o comes out s
you have to be careful about saying anything about germany, right? why? >> i guess because it's -- >> they've beat france and holland again. >> right. >> supposedly messi is so machine like and military. any references to that, you're uncomfortable. >> yeah. >> so naturally you're rooting for them, then, right? >> my adopted -- before i was adopted, my name wag gunther, so yes. >> gunther. >>> when we return, folks, allergan defending...
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brazil's brutal, brutal loss to germany. questions about whether or not it re-ignites anger among brazilians. protests by the millions last summer and whether they are once again protesting against president bill marusef. the country is on high alert to the new anti-government protests the. joaning us now, jeff from market strategy at ubs. jeff, good to see you. >> good morning. >> the journal has an editorial on it. >> yeah, i know. i read that editorial. >> and the style of the german team, they have to start being careful because they almost -- >> actually, if you watch -- >> military. >> they are. they move across and the brazilians play lyrics. >> the germans say you can't have everything resting on one player. what do you think, jeff? >> leading up to the world cup, there's been a consensus that the president of brazil needed a successful world cup, it needed to go off with any major problems and brazil needed to perform on the ground because she faces re-election in october and soccer is so important to brazil. is the
brazil's brutal, brutal loss to germany. questions about whether or not it re-ignites anger among brazilians. protests by the millions last summer and whether they are once again protesting against president bill marusef. the country is on high alert to the new anti-government protests the. joaning us now, jeff from market strategy at ubs. jeff, good to see you. >> good morning. >> the journal has an editorial on it. >> yeah, i know. i read that editorial. >> and the...
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>> germany's favored now. brazil is without somebody else, too, got suspended. >> i love watching germany and brazil play. brazil was so lyrical. germany was like boom, boom, boom. >> you've been watching the world cup? >> you know, something else about it talking about this, the u.s. olympic committee yesterday we love the world cup because it pulled the country to the again. we want to be to the. and the politics takes us apart right? and we love like all going to the bar and cheering for the united states. we're such a happy nation. and we want to have heroes. we want to have things to root for. and it's just a shame that the politicians are so hell bent on ripping us to shreds. >> that's true. >> look how big the world cup was. crazy. >> thanks barry. when we -- yeah, like to be tim howard for a couple of days. >> anyway. >> you're fans, too. >> do you have tattoos? >>tons of dozens. when we return separating fact from fiction when it comes to politics and cnbc's top states for business. scott cohn lays ou
>> germany's favored now. brazil is without somebody else, too, got suspended. >> i love watching germany and brazil play. brazil was so lyrical. germany was like boom, boom, boom. >> you've been watching the world cup? >> you know, something else about it talking about this, the u.s. olympic committee yesterday we love the world cup because it pulled the country to the again. we want to be to the. and the politics takes us apart right? and we love like all going to the...
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Jun 30, 2014
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and they didn't lose by very much to germany. and that was enough -- >> that's soccer for you, didn't lose by very much. >> i think as they go at, one of the themes of this competition has been if you are organized you don't need the superstars. it's not the superstars who are winning the competition. it's good organization. >> yeah. >> and under clintonsman the u.s. seemed pretty organized. i'm quite optimistics. it will be great for the sport in this country if they could have a run and at least get to the quarterfinals. >> you can't say that about the broncos that they didn't lose by very much to seattle. anya, thank you john ryding, we'll see you leader. >> thanks a lot. >> up next, gm's plan to pay victims of crashes caused by a bad ignition switch set to be revealed. ken feinberg likes to have an open wallet and will preview today's big announcement and fine out what it means for gm. check out the "squawk box" market indicator. it still looks like we'd be set to open a little bit weaker on the equities markets today. stick
and they didn't lose by very much to germany. and that was enough -- >> that's soccer for you, didn't lose by very much. >> i think as they go at, one of the themes of this competition has been if you are organized you don't need the superstars. it's not the superstars who are winning the competition. it's good organization. >> yeah. >> and under clintonsman the u.s. seemed pretty organized. i'm quite optimistics. it will be great for the sport in this country if they...
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germany up by about 14 points. ftse up by 8 points and in france, the cac up by about -- close to 10 points. in geopolitical news, we are watching the situation in ukrai ukraine. the ukrainian government warns a cease-fire with pro russian fighters would end tonight. if the two sides failed to reach a deal on last-minute talks. meanwhile, there are reports of heavy fighting around separatist strong holds in the eastern part of that country. it's a situation we will continue to watch. andrew, right now, baub back over to you. >>> dupont is cutting its current quarter and profit forecast. the company says sales in its agriculture and chemicals unit increased at a slower pace than expected. nike, posted better than expected quarterly results. the company spent aggressively on marketing ahead of the world cup. demand for nike apparel and footwear rose. world cup, it's the first time nike is sponsoring more national teams than adidas. nike used to always jump in at the last minute and do this guerilla warfare marketing
germany up by about 14 points. ftse up by 8 points and in france, the cac up by about -- close to 10 points. in geopolitical news, we are watching the situation in ukrai ukraine. the ukrainian government warns a cease-fire with pro russian fighters would end tonight. if the two sides failed to reach a deal on last-minute talks. meanwhile, there are reports of heavy fighting around separatist strong holds in the eastern part of that country. it's a situation we will continue to watch. andrew,...